What's it worth? Land prices shaped by location, neighborhood

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The acre of land is now just an open field with restaurants nearby, but the price tag is one of the highest in the area at $1 million.

The price isn’t just because of what’s been built nearby, including an Interstate 65 exit, Walmart supercenter, grocery store and shopping centers. The number of vehicles that stop at the busy intersection and hundreds of nearby homes with families who need a place to grab a meal or pick up groceries also have helped drive up the price.

The land around County Line Road and Emerson Avenue is some of the priciest currently for sale, and developers think it will sell because the intersection attracts thousands of people every day. State traffic counts show 100,000 vehicles pass the exit at County Line Road on I-65 every day, and that doesn’t include local traffic that never gets on the highway.

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